- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Customers see ‘no difference’ in service levels post-Consumer Duty

A new study conducted by financial services review site Smart Money People also reveals 7% of consumers report worsening levels of service in the past 12 months.

Online banks unhappy about plans for force them to take cash

Francesco Aghemio, head of the Dutch arm of Lithuanian bank Revolut has called the change “badly thought out” and warns that it will have a “lengthy, negative impact on competition in the Dutch banking sector”.

Ros Altmann: Labour must use the power of pensions to revive UK

New chancellor Rachel Reeves has rightly expressed a desire to utilise the power of pension assets to boost domestic growth.

London Court Limited enters liquidation

On 22 August 2023 we placed restrictions on LCL which prevented it from conducting regulated activities for new clients or new investments.

Warning after firms caught by bank scam

The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.

UK Calls on Lenders to Improve Following Farage Debanking Fiasco

The new guidance comes after the Treasury called last August for the FCA to “urgently” investigate the scale of debanking

BaFin accuses Swiss firms of offering shares without required prospectus

German regulator may issue fines stretching into millions of euros to companies which breach this obligation.

ECB leaves rates unchanged as external events begin to loom large on central banks

The outcome of the French election has introduced a new risk to European economic growth, and while market reaction in the continent has been fairly muted to date

ECB keeps rates steady; UK wage growth slows

UK wage growth declined to 5.7% in the three months leading up to May, down from the previous 5.9%, aligning with consensus expectations.

Fees update: feedback and fees notices published

We have published feedback from our consultation with Jersey’s finance industry on proposals to

Aberdeen law firm once again recognised in Chambers High Net Worth Guide

Stronachs’ STEP-accredited private client team has retained its Band 2 ranking and Partner and Head of Private Client Jaclyn Russell continues to be individually recognised and ranked as Band 2.

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

Lagarde would not commit to a rate cut even at the September 12 meeting

Farrer & Co once again recognised in Chambers High Net Worth Guide

Chambers High Net Worth is one of a series of guides to the legal profession across the globe.

Record number of leading individuals for Charles Russell Speechlys in Chambers High-Net-Worth 2024 19 July 2024

They were also amongst the top ranked firms for Family/Matrimonial: Ultra High Net Worth, Art and Cultural Property and High Net Worth Immigration.

WH Ireland sues Ravenscroft in mystery Isle of Man dispute

It is understood that the case relates to WH Ireland’s sale of its Isle of Man office to Ravenscroft four years ago.

Labour announces Pension Schemes Bill in King's speech

Previously, individuals might have had one or two jobs during their lifetime, resulting in one or two pensions.

ESAs establish framework to strengthen coordination in case of systemic cyber incidents

The ESAs will identify legal and other operational hurdles encountered during the initial set up and report these to the European Commission.

Late call − speech by Nathanaël Benjamin

Given at Linklaters, hosted by the International Swaps and Derivatives Association

August rate cut looking less likely as wage growth continues to outpace inflation

Recent comments from the Prime Minister have emphasised that wage restraint is needed and will be shown across the public sector.

FCA calls on firms to improve treatment of politically exposed persons (PEPs)

There have been concerns about how firms in the UK are meeting these requirements and so the FCA has reviewed how firms are treating PEPs.

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